On the GBPUSD chart, we can see that the pair is breaking above the strong long-term upside resistance 1.3050 level. This break along with the recently formed wedge is calling for the upside extension into the 1.3300-1.3400 zone. Invalidation of this upside swing reversal only on a daily close below the 1.2960 level.
Note: look for the long trade entries with a stop loss below the 1.3050 level.
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